Attending an Ivy League private university could be more financially plausible than attending a public university in California.

Matt Kripnick of San Jose Mercury News calculated the financial aid for "a family of four -- married parents, a high-school senior and a 14-year-old child -- making $130,000 a year" and came up with the following annual tuition costs:

UC Santa Cruz: $33,000

Stanford: $25,900

California State: $24,000

UC Berkley: $19,5000

Harvard: $17,000

While private universities have been making an effort to defray tuition costs for lower income families, California public universities were seeing their budgets slashed.

According to The Huffington Post, in the last three years public universities' budgets were cut by $2 billion and community colleges' budgets by $695 million.

However, UC President Mark Yudof told Kripnick that only the wealthiest private colleges are a better deal than state schools and considering how competitive they are, not many students have the option of attending them.